The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated. Please visit our new daily news page, IMFnews for the latest updates on the mortgage industry.

Inside Take: More to the BofA MSR sale story?

January 3, 2013

By Paul Muolo / pmuolo@imfpubs.com

Inside Mortgage Finance's story on Bank of America scuttling its sale of $14 billion of high-touch mortgage servicing rights garnered quite a bit of interest from readers on Thursday, and brought in several new leads.

Although the bank, as a policy, does not discuss sale rumors, we heard renewed talk that BofA was contemplating the sale of $100 billion in MSRs at some point late last year. We'll be updating the story as part of IMF's Friday 'What We're Hearing' column…

Meanwhile, by January 9 or so, the Consumer Financial Protection Bureau’s (somewhat) final rule on Qualified Mortgages should leak out. For more information contact: tressler@imfpubs.com...

 

 

Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher
50% to 74%
30% to 49%
Under 30%

vote to see results